Could new payments authentication rules scupper European Digital Single Market?

By Peter Bayley, Executive Director, Ecosystem Risk • Visa

September 20, 2016

We are only a few weeks away from a decision that could have significant impact on the future of e-commerce in Europe.

To discuss the issues, Visa and thinktank the Center for European Policy Studies (CEPS) recently brought together a panel of experts and a capacity audience to discuss proposed new EU rules on electronic payments authentication or, put more simply, how we verify that the person who’s paying is the right person.

The clear consensus from the room was that the proposals of the European Banking Authority (EBA) on strong customer authentication won’t improve consumer security or convenience. The bottom line is that they may hamper the creation of a Digital Single Market in Europe.

For more on this issue and how we can fix it, read the full article here and watch the video below:

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